Problem

If the upper limit on misstatements is calculated at $17,800 and the tolerable misstatemen...

If the upper limit on misstatements is calculated at $17,800 and the tolerable misstatement is $15,000, what is the minimum amount of adjustment necessary for the audit team to issue an unqualified opinion on the client’s financial statements?

A. $0.

B. $2,800.

C. $15,000.

D. $17,800.

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